Mongolia to Start Marketing Public, State-Backed Bonds March 8

The Development Bank of Mongolia LLC, a state-backed lender, will begin meeting with investors this week to offer dollar-denominated bonds in the country’s first public offering of government-guaranteed foreign debt.

The sale, part of the $600 million Euro Medium Term Note program the bank arranged with ING Groep NV last December, will start with a series of investor meetings on March 8, ING said today in a e-mailed statement. Deutsche Bank AG and HSBC Holdings Plc have also been mandated to arrange meetings with investors for the sale, the statement said.